Ethylbenzene (EB) Prices and Pricing Information

14 September 2011 10:37  [Source: Chemical Report]

Updated to mid-August 2011

 

European market review by Truong Mellor, ICIS pricing

 

Ethylbenzene (EB) values fell in the second half of May, alongside a decline in benzene and styrene pricing. By June the average cost of EB production had dropped to below $1,300/tonne.

 

The downward movement continued throughout June, as benzene values fell below $1,100/tonne – their lowest level this year. By the beginning of July, average EB costs were at $1,225/tonne.

 

However, an upturn in global aromatics levels, caused by tightening supply in the US and Europe, helped reverse some of these losses as July progressed. Firming crude futures also applied some upward momentum. By the end of the month, EB values had climbed back up to $1,350/tonne.

 

August initially saw prices continue to firm, peaking at $1,375/tonne. However, a plunge in crude values, and its subsequent effect on benzene prices, has had an impact on EB, bringing values back down below $1,350/tonne.

 

US market review by Brian Balboa, ICIS pricing

 

US ethylbenzene prices were volatile from mid-May to mid-August, following a similar trend in feedstock benzene and ethylene prices.

 

The ethylbenzene price moved lower in June and July. In June, ethylbenzene prices dipped by 1.5 cents/lb ($33/tonne) to 60.25–62.25 cents/lb as benzene prices and energy futures also declined. The following month, July ethylbenzene prices came down to 55.75–57.75 cents/lb.

 

The ethylbenzene market rebounded in August, following July benzene and energy futures. August ethylbenzene prices increased 4.75 cents/lb to 60.50–62.50 cents/lb.





AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly